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Turkey’s only automotive manufacturer that produces both passenger cars and light commercial vehicles

Founded in 1968, Tofaş is the only company in Turkey that manufactures both passenger cars and light commercial vehicles.

Tofaş is a Koç Holding and Fiat Chrysler Automobiles (FCA) partnership in which each controls an equal stake. With 24.3% of its capital publicly-traded, Tofaş’s shares are included in both the Borsa İstanbul BIST 30 and the BIST 100 indexes as well as in that exchange’s Corporate Governance Index and Sustainability indexes.

Turkey’s Fifth
Biggest Industrial Enterprise
450 Thousand
Vehicle Annual Production
1,000,000 m 2
Of Operational Premises

With an annual production capacity of 450 thousand vehicles and with nearly 7 thousand employees, Tofaş is Turkey’s fifth biggest industrial enterprise. Headquartered in İstanbul, the company continues to enhance its competitive strength through investments while carrying out its manufacturing operations at its Bursa plant occupying about 1,000,000 m2 of grounds.

Tofaş is foremost among Fiat Chrysler Automobiles’ strategically important production centers. Within the scope of the “World Class Production” (WCM) methodology applied in the FCA Group’s 400 factories worldwide, Tofaş is the company with the highest score among all automobile factories. The company is also one of the group’s two biggest R&D centers in Europe.

Tofaş manufactures Fiat Egea Sedan, Hatchback, and Station Wagon models at its Bursa plant. Marketed under different marque and model names in different parts of the world, Tofaş’s Egea line is sold as “Fiat Tipo” in Europe and as “Dodge Neon” in Mexico. Besides manufacturing for Fiat, Fiat Professional and RAM under its New Doblò Project, Tofaş is also a distributor, handling the domestic sales of six marques (Fiat, Fiat Professional, Alfa Romeo, Jeep, Maserati, Ferrari) in Turkey.

MOST SUCCESSFUL R&D IN
THE TURKISH AUTOMOTIVES INDUSTRY
WORLD CLASS
MANUFACTURING
STRONG DEALERSHIP AND
SUPPLIER NETWORK
THE BIST CORPORATE
GOVERNANCE INDEX
2019 PERFORMANCE

MOST SUCCESSFUL R&D IN THE TURKISH AUTOMOTIVES INDUSTRY

Besides being a source of export revenues and jobs, Tofaş also creates long-term value for the Turkish economy through the automotives industry investments and projects that it undertakes. Cited by the Ministry of Science, Industry and Technology as “Best R&D Center in the Automotives Industry” in both 2016 and 2017, the Tofaş R&D Center also placed first among Turkish entrants in the European Union’s ranking of companies based on their R&D investments for three years in a row. In 2017 the center also jumped twelve places to 535th position in the European Commission Joint Research Center’s R&D Investment Score List.

WORLD CLASS MANUFACTURING

In keeping with its attitudes towards the future and approach to sustainability, Tofaş integrates the environmental and social impact as well as the economic results of its operations into company policies. The company’s Bursa plant was one of the first three in the Fiat Chrysler Automobiles community to achieve “Gold” World Class Manufacturing status. Within the scope of the “World Class Production” (WCM) methodology, Tofaş became the company with the highest score among all automobile factories as a result of the audits carried out in 2019.

STRONG DEALERSHIP AND SUPPLIER NETWORK

Tofaş’s superior logistical and distribution competencies, advanced after-sales services capabilities, and the long-term and trust-based business relationships that it enters into with its dealers are all factors that constantly enhance the customer satisfaction to which the company gives such importance.

The dealership network for the brands which Tofaş represents sells new vehicles, second-hand vehicles, and spare parts and also provides maintenance & repair services.

All 71 of the Fiat main dealers in the network also service the company’s Alfa Romeo and Jeep® brands. With the inclusion of those not associated with the premises of the network’s main dealerships, there are 98 Fiat sales points and 122 Fiat service points located all over Turkey. There are also 19 Alfa Romeo-Jeep® main dealerships, together with another four locations that only service the vehicles.

Since the day it was founded, Tofaş has been contributing substantially to the growth and development of a home-grown automotive sub-industry by giving the utmost importance to localizing its procurement and manufacturing processes as much as possible. Tofaş today procures an average of 75% of its components other than engines and transmissions from domestic suppliers. The company purchases its direct materials from 152 suppliers located in 14 different cities.

THE BIST CORPORATE GOVERNANCE INDEX

A fundamental criterion of Tofaş’s corporate governance approach is to create sustainable value for all of its stakeholders and for its country as a whole. Tofaş was the first and only company from Turkey among 187 firms worldwide qualifying for inclusion in the “A List” of the Carbon Disclosure Project’s 2014 Climate Performance Leadership Index. Tofaş is also the first and still the only automotives company to be included in the İstanbul Stock Exchange’s BIST Sustainability Index.

As a result of the progress made in its compliance with corporate governance principles, in 2019 Tofaş’s corporate governance rating was raised to 9.26. This constantly improving score is evidence that Tofaş deals with all of its stakeholders in a manner that is fair, transparent, accountable, and responsible.

2019 PERFORMANCE

In 2019 Tofaş produced 264 thousand vehicles, a performance which singlehandedly accounted for 18% of the Turkish automotives industry’s total output.

As the Turkish automobile and light commercial vehicle market representative of the Fiat, Fiat Professional, Alfa Romeo, Jeep, Ferrari, and Maserati brands, Tofaş’s market share increased by 5.7 percentage points to 16.4% in 2019. With 76,251 units sold and controlling a 15.9% share of all automobiles and light commercial vehicles sold, Fiat brand rose to the position of market leader in 2019. The Fiat Egea Sedan, the preferred automobile of consumers since 2016, retained its leading market position for the fourth year in a row thanks to its 2019 sales performance with 52,206 units being sold.

Through exporting 194 thousand units, Tofaş singlehandedly accounted for 15% of Turkey’s total automotive exports in 2019. In 2019, Tofaş’s revenues increased by 1.6% year-on-year and reached TL 18.9 billion. In the same period, net profit rose by 11.4% yearon- year to TL 1.5 billion.

ANOTHER MILESTONE: FIAT EGEA

In 2015 Tofaş introduced a sedan-body vehicle as the first member of the Egea Family, the company’s new passenger car project. The model also went on sale in other countries’ markets as of December of the same year.

With the completion of project-related investments, hatchback and station wagon versions of the Egea Family also went on sale in 2016. As the Tofaş R&D Center had overall responsibility for the development of these vehicles, their intellectual property rights also belong to Tofaş. Costing about a billion dollars, the project to develop these models represents one of the biggest product investments ever undertaken in the history of the Turkish automotives industry. Fiat Egea sedan was chosen “Best-Buy Car Of The Year In Europe” at AutoBest 2016. Sedan member of the Fiat Egea family sold 34 thousand units in 2018 and protects the last 3 years the "Turkey's Best-Selling Automobile" title. “Fiat Yol Arkadaşım Connect” application, which enables customers to connect with their vehicles, was added to the product features of Fiat Egea Family in 2018. The Mirror version of Egea Family, which comes to the forefront with its technology equipment and chrome design details, was launched in 2018.

Three new specially-designed versions of the Fiat Egea family’s hatchback and station wagon models with sportive equipment options were put on sale in 2019. According to a report issued by GTÜ, Germany’s largest officially-recognized inspection organization of freelance vehicle inspectors, that in 2019 the Fiat Tipo had the fewest defects requiring repair work (0.84/100 vehicles) in its class during its first main inspection. As of 2019, all Egea models had been brought into compliance with Euro 6d emission standards.